A monopolistically competitive firm that is incurring a loss will produce in the short run as long as the revenue the firm recei

Question

Galina-37 [17]

3 years ago

9

A monopolistically competitive firm that is incurring a loss will produce in the short run as long as the revenue the firm recei

ves is sufficient to cover __________.

Social Studies

1 answer:

zzz [600] · Answer 1 · 2022-02-15T15:21:27+03:00

Answer:

variable costs

Explanation:

According to my research on monopolistically competitive firms, I can say that based on the information provided within the question they will continue to produce as long as the revenue covers variable costs. This term is defined as the costs that change as the quantity of the product that is being produced changes.

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